Price action and chart pattern trading setup
> Contracting Wave Channel pattern with downtrend target around the corner.
> Entry @ minor downtrend channel in daily timeframe breakout above SMA200
> TP1 @ wave (3) position
> TP2 @ wave (5) III position for medium term
> Stoploss @ SMA200 downside -9% RRR: 2:1
Indicators signals not shown here:
> Smart money volume support
> Banker chip entry signal
> Contracting Wave Channel pattern with downtrend target around the corner.
> Entry @ minor downtrend channel in daily timeframe breakout above SMA200
> TP1 @ wave (3) position
> TP2 @ wave (5) III position for medium term
> Stoploss @ SMA200 downside -9% RRR: 2:1
Indicators signals not shown here:
> Smart money volume support
> Banker chip entry signal
Trade closed: stop reached
200 day support totally failed and now challenging its 200 week support at 0.618 retracement - could be further decline to its previous major 1-wave support 20 baht zone: 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.